Retail sales, a key gauge of consumption, rose by 2.1 per cent year on year last month after 2.7 per cent growth was observed in July, bureau data showed. The reading fell short of the 2.68 per ...

The jumbo rate cut of 50 basis points is expected to benefit multiple sectors of the economy that rely heavily on short-term debt to finance their growth, such as real estate, clean energy ...

Rocking a full face of glam, she paired tall black heels with gold earrings and an off-the-shoulder green satin mini dress. FAIRY TALE: Zendaya’s ‘tell-tale signs’ she’s better with Tom Holland than ...

Yes, 105 out of 114 economists can be wrong. And this time, you can’t really blame them. The vast, vast majority of economists surveyed by Bloomberg before the Federal Reserve’s interest rates ...

Shawn Green was driving back to Orange County from Stanford, where he had dropped his youngest daughter off for her freshman year of college, when the text messages began pouring in.

The Fed typically cuts rates to stimulate economic growth. The process works like this: When the economy begins to overheat and inflation rises too quickly, the Fed may raise interest rates.

Stocks on Wall Street soared Thursday a day after the Federal Reserve slashed its benchmark interest rate by 0.50 percentage points, with investors cheering the central bank's move to head off a ...

The consensus view is that lower rates will stave off a recession by stimulating economic growth through lower borrowing costs. There was much debate about whether the Fed would cut by a half ...

SINGAPORE: The Federal Reserve has lowered interest rates for the first time in four years – and in a big way. The United States central bank on Wednesday (Sep 18) announced a 50-basis-point ...

The Federal Reserve slashed the federal funds rate by 50 basis points last week ... That represented 16.5% year-over-year growth, which was the fastest pace in three and a half years.

KUALA LUMPUR: Malaysia’s trade has continued its stellar performance in August, growing 18.6 per cent year-on-year to RM252.65 billion -- the fastest growth rate in 22 months, according to the ...

Biden told The Economic Club how far the U.S. has come since the COVID pandemic. President Joe Biden on Thursday called the Federal Reserve's rate cut the day before an “important signal” from ...